ATO note to AER - Comparison of regulatory tax allowances and tax paid - 10 April 2018

The AER received preliminary advice from the Australian Tax Office (ATO) that there appeared to be material differences between the tax allowances set by the AER and the actual tax payments made to the ATO by regulated networks. The ATO note also identified a number of drivers for the discrepancy between regulatory tax assessments and tax payments.

The Hon Josh Frydenberg, Federal Minister for the Environment and Energy, has asked the AER to provide an initial report in June 2018, and its final report and recommendations by December 2018.

The ATO note and letter from the Minister are available below.